Chief executive Ivan Gazidis has apologised to Arsenal fans for their defeat to Bradford City in the Capital One Cup but maintains the club are not about to just buy their way to success, claiming supporters would not have it any other way.

The Treasury is losing billions of pounds
in revenue due to the failure of HM Revenue and Customs (HMRC) to clamp down
effectively on aggressive tax avoidance schemes, the Whitehall spending
watchdog warned today.

News that Warren Buffett, the brilliant US investor known as the Sage of Omaha, has prostate cancer and that Facebook has bought Instagram for $1 billion — despite the fact the photo app doesn’t have any revenues — has set Jamie Berry, executive chairman of London wealth manager Berry Asset Management, thinking.